Charlty number: 1131882
ST JOHN'S WOOD CHURCH
UNAUDITED
TRUSTEES. REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
RPG Crouch Chapman LLP
Chartered Accountants & Statutory Auditor
40 Gracechurch Street
London
EC3V OBT

ST JOHN'S WOOD CHURCH
CONTENTS
Page
Reference and administrative details of the charity, its Trustees and advisers
Trustees, report
Trustees, responsibilities statement
Independent examinerfs report
statement of financial activities
10- 11
12
Balance sheet
13
Notes to the financial statemènts
14-32

STJOHN'S WOOD CHURCH
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 31 DECEMBER 2024
Trustees
Rev Andars Bergquist, Incumbent
Rev Kristlna Andreasson, Clergy licenced to parish
Gary Eaborn, Clergy licenced to parish
Judy Booth, Churchwarden
Davld Millar, Churchwarden
Ashok Gosh, Elected representative on the Deanery Synod (resigned 4
February 2025)
Stewart Mccure, Elected representstive on the Deanery Synod
Jaiye Edu, Elected representstive on the Deanery Synod lappointed'13
February 2025)
Ben Attwood, Elected Member
Des Braithwaite, Elected Member
James Ganendra, Elected Member (appointed 26 May 2024)
Stephen Jones, Treasurer & Elected Member
Paul Mullins, Elected Member
Sarah Ong, Elected Member
Adewale Otubushin, Treasurer & Elected Member (appointed 26 May
2024)
Beatrice Reynier, Elected Member (resigned 26 May 2024)
Vivien Turner, Elected Member (resigned 24 May 2024)
Graham Young, Elected Member (resigned 24 May 2024)
Charity registered
number
1131882
Principal office
The Church Office
Sl John's Wood Church
Lord's Roundabout
st John's Wood
London
NW8 7NE
Accountants
RPG Crouch Chapman LLP
Chartered Accountants
40 Gracechurch Street
London
EC3V OBT
Bankers
Barclays Bank UK PLC
40 Wellington Road
London
NW8 9TJ
Page 1

ST JOHN'S WOOD CHURCH
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
The Parochial Church Councll, being for thls purpose the Trustees of the Ecdesiastical Parish of St
John's Wood, present their annual report together with the financial statements for the year 1 January
2024 to 31 December 2024.
Introduction
The parish Ghurch of the ecclesiastical parish of St John's Wood (universally known as "St John's
Wood Church") is a parlsh church of the Church of England as by Law Established. Like all other
parish churches of the Church of England, it has no separate Trust D￿d or founding Charter, but I
part of the constitutional fabric of the realm. The Church of England first came into being as a legal
entity through successive Acts of Parliament in the time of King Henry Vlll. It was abolished under the
Commonwealth, and re-established by The Act of Unifonnity (1662). The church's life is governed by
three sorts of laws.. Acts of Parliament, ecclesiastical Canons (promulged by Convocation), and
Measures (passed by General Synod, though they also pass through Parliament before acquiring the
force of law). The boundaries of individual parishes are determined by the Sovereign in Council the
Eccl8siastlcal Parish of Sl John's Wood was brought into being by Orders in Council in 1952.
Objects and actlvltlès
Objectives
The constitutional position of an Anglican parish church means that its objectives are, in a sense, not
under its own control, but set by statute. But the Parish would identify its objectives in normal times
as being: to make pastoral care and the services of the church (including weddings, funerals, and
baptisms) available to everyone in St John's Wood who wishes to have them and is not disqualified
from receiving them; to welcome and encourage as many people as posslble to worship in their
parish church: to build up and encourage churchgoers in their Christian discipleshlp and In their
knowl'edge of the Christian faith., to be a safe environment for all who worship or woth at the church,
especially children and vulnerable adults., to make the love of Jesus Christ known to the people of this
part of London through acts of compassion8te servlce,, to maintain the church and the adjac8nt
church hall complex to a high standard, both as a place of worship and as a resource for the local
community., to engage in constructive dialogue with other churches and local faith communities", to
support other local community institutions in a shared attempt to bulld vibrant and resilient community
in St John's Wood. and to reduce the impact on the environment of the aGtivities that take place in the
premises for which it is responsible. In setting these objectlves, the parish has regard to the DI0￿Se
of London's prlorftles for the years to 2030.
b. Activities for achleving objectlves
Worship of high quality is offered regularly in the church. There are pmgrammes of Bible and other
Christian study throughout the year. Baptisms, weddings and funerals take place regularly in the
church, and the clergy tske fijnerals on behalf of the church in local crematoria. A special effort is
made to welcome those who are not regular churchgoers (like all parish churches of the Church of
England, the church is under a legal obligation to provide for baptisms and weddings for those
resident In the parlsh or otherwise legally qualified to ask for thèm, and it is the PCC'S policy to
embrace this as a positive opportunity for pastoral service to the community). Pastoral visits are made
to the housebound, the sick, and the dying. Close contacts are maintained and developed with other
local faith communiÉies, including especially the London Central Mosque and three local synagogues.
An environmental plan to mitigate the church's carbon footprint is reviewed regularly.
Page 2

ST JOHN'S WOOD CHURCH
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEDJiBER 2024
c. Main adlvlties undertaken to further the Charity's purposes for publlc beneflt
All the church's activities are understood to be for public benefrt.. This is implicit in the Establishment
of the Church of England. where a parish church is in itself a public, and not a private, body. The
church is in principle open to all, and does not limit its interest to those who are actlve churchgoers.
The Ghurch building is left open throughout the day on almost every day of the year, so that members
of the wider community and the general public may enter for purposes of prayer or tourism, and it is
known that many local residents use the church in this way as a space for qui8t and reflection. The
church tries, as far as possible, to make its premises available to a wide range of community
organisations for their events at reduced (sometimes no) cost. Through its inter-faith commitments,
the church rnakes an important contribution towards sustaining a mutually respectful and tolerant
community in St John's Wood.
Achlevements and performance
There were 147 parishioners on the Church Electoral Roll (145 in 2023).
a. Worshipi prayer and study
Worship of a high standard was offered throughout the year, with both in-church and Zoom services
held in a regular pattern. A full set of services was held in Holy Week and Easter, and there were
additional services held during Advent and Christmas. se￿ices were especially well attended in
Advent and Christmas, and on Easter Day. A dedicated band of flower arrangers ensured that the
church was beautrfully decorated both for regular Sundays and for festivals. The Vicar delivered a
Zoom course on St Paul's Letters to the Corinthians. The Associate Vicar presented 3 adults and 6
young people for confirmation in St Paul's Cathedral on Easter Eve.
b. Malntenance of the fabrlc, good and ornaments
A project to make the main entrance of the church accessible to wheelchair users was completed
during the year, after many years of preparation. This work was done to the hlghest standard, using
the best materials, and is the most significant improvement to the fabric of the church for a
generation. Degraded timbers in the original bell-frame were also replaced, Routine maintenance
work was done to the other properties for whlch the PCC Is responsible. Repairs were made to
various items of silver that had become damaged in regular use.
. Servlce to the community
The church hall contlnljed to be used regularly during the year by groups such as Mother Nature,
Happy Campers, and St John's Wood Holiday Club. St John's Wood Film Club ran two programmes
of screenings, one in the summer and one in the autumn- these screenings are open to all, but
thanks to a partne￿hip with the local Neighbourcare charity the Club has a particular reach among
elderly and vulnerable residents of St John's Wood. The church-led boules group, open to all in the
community, took place in the old churchyard during the weeks of summer" and when It became too
cold to play boules outdoors, a drop-in coffee session was held in the east alsle instead. It continues
to be the policy of the PCC to make the premises available to community organisations, or good
causes. at reduced charges or free of charge. Among the beneficiaries of this policy during the year
were the St John's Wood Society. and a number of groups of young tnusicians. The Vicar continued
to serve as a Govemor of Arnold House School, and as a Trustee of the Marylebone Almshouses.
Special collections during the year (e.g. at Christmas) raised £4,099 for outside charities, and the
church's Book and Record Fair raised funds for the work of Christian Aid.
Page 3

STJOHN'S WOOD CHURCH
TRUSTEES, REPORT ICONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
d. InterAngllcan, ecurnenital and inter-falth work
There continued to be regular co-operation with other local Anglican churches, and the clergy again
responded to requests for holiday or emergency cover from neighbouring parishes. As always, the
annual "Light up a Life" servlce for St John's Hospi￿ had a strong ecumenical and interfaith
component. Regular though infrequent meetings of local Jewish, Christian, and Muslim faith leaders
(under the name 'Pathways') took plac8 during the year, and the church's clergy were on various.
occasions guests at the London Central Mosque and the Liberal Jewish Synagogue. The Vicar
celebrated the 25 anniversary of his continuous Involvement in the C. of E. Liturglcal Commission (as
either a Member or a Consultant), and continued to be a member of the na.tional Porvoo Panel. He
also preached in the parish of Berlin-Dahlem, with which the church has a long-standing relationship
of friendship and prayer.
e. Safeguardlng
During the yèar, Dr Maggie W811wood replaced Mrs AIiGe Freyman as the Parish Safeguarding
Officer, and clear details of how concerns can be raised with her are promlnently posted on the parish
website and in the church porch. The PCC undertook an Annual Review of its Safeguarding Policy, in
line with Dlocesan guidelines, and adopted or reviewed. all the other policies that are requlred by the
diocese. Safeguarding appears as an item on the agenda of every PCC meeting. The parish makes
use of the national Safeguarding Dashboard system, and has a plan for the regular DBS-checklng
and Safeguarding Training of PCC members, as well as those whose volunteering work brings them
into contact wlth children or vulnerable adults.
f. Other pollcles
The Flre Risk Assessment was reviewed during the year, and 8Ctions arising from that review were
undertaken.
g. Relations with the wider diocesan structures
The parish has long been recognized as a 'training parish,, where a newly ordained person spends
the first three or four years of their ministry, gaining experience in a supervised setting. This 'training
of curates, is now much more formalized, as a partnership between training incumbent, training
parish, and diocesan training structures, and a significant part of an as8lStant curate's attention has to
be devoted to diocesan requirements. It was a great joy to host an ordination service in July for the
Two Cities and Stepney Areas. our own Assistant Curate, The Revd Dr Gary Eaborn, was ordained
priest at this service. Two rnembers of the PCC served on the Deanery Synod during the year. For
the first time in living memory, the PCC was unable to pay its contribution to the Diocesan Common
Fund in full, for reasons given in the following section. The Vicar and churchwardens were in close
tOUGh wilh the Archdeacons and relevant diocesan officials throughout the process that followed the
closure of the School, and the dlocesan staff were exlrernely helpful in helping them to handle a
difficult situation as best as possible. The John Slater Fund (established in memory of a former
incumbent to make grants to those actlve In ministry in the Diocese of London, to help with sabbatical
and other travel plans) made one grant to a priest in lhe dioc6se.
Page 4

ST JOHN'S WOOD CHURCH
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Financial review
Key Financial Perfomiance Indlcators, includlng Investment policy and performance
The PCC has five ordinary financial aims in a normal year.,
To raise sufficient funds to defray the ordlnary activities of the parish church;
To be able to pay at least 10 % of rental income into its Fabric Res8rve Fund each year.,
To ensure that its Fabrlc Reserve Fund is sufficiently well-stocked to meet.the cost of
caring for the fabric of the Church and the Hall complex.
To use any legacies that it receives for the long-term good of the parish church and to
support th8 flourishing of the wider communlty,. and
to Invest such balances as it holds in ethical and responsible ways.
From time to time, the Church also
organises special appeals to support particular projects. It is not the policy of the PCC to
rnaximise the raising of funds beyond what is needed to meet these objectives.. we do not
understand ourselves to be primarily a fund4alsing organisation.
Success in reg8rd to each of these aims can be measured as follows:
By the Ghurch's Operdting Fund breaking even, after
havlng made a year¥end transfer of at least 10 % of rental income to the Fabric Fund.
by the Fabric ReseNe being able to cope with demands upon it.
by uslng legacy income in ways appropriate.to the objectives of the parish.
by maintaining a reasonable (not necessarily maximum) level of Income from
investmonts, and investing in ethically reliable funds via (e.g.) the C. of E.'s Central Board
of Flnance. and
The money having been spent on the purposes for which it was raised.
2024, however, was anything but a normal year. The church's single most important single source of
income, St John's Wood Pre-Preparatory School, which had struggled financially in the course of
2023, went into administration in July. It had ceased to be able to pay any significant amount of rent
by the end of 2023, but, as there was no replacement that could step straight into the tenancy, and in
order not to prejudice the education of the children already at the school, and in order also to give the
school time to recruit additional pupils for the following academic year (which seemed a realistic
possibility), the School was allowed to continue to function until the end of the school year. Steps
were begun immediately to market the space to a new tenant. and a new lease with Seva Childcare
was signed in December.
New rental income from Flat 3, and the continuation of rental income from Flat 2 and from 3a
Cochrane Street, mitlgated only some of the loss from the School.
Congregational glvlng was slightly reduced from 2023, but therè was a generous response to Gift
Day.
The significant diminution of the parlsh's income durlng the year coincided with major and long-
planned expenditure on the main entrance of the church (the funding for which had been built up over
the past few years). The financial statement shows that outgoing resources exceeded incoming
resources by £100,828 (2023: £73,129).
We have therefore decided not to make any ftjnds tr8nsfers into the fabric fund in the current year.
Page 5

STJOHN'S WOOD CHURCH
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
In summary, the financial statement shows that outgoing resources exce&ded incoming resources b,
£100,828 (2023.. £73,129), comprislng a deficit on unrestricted funds of £101,257 (2023.. £80,920 1
and a surplus on restricted funds of £429 (2023.. £7,791). Al the year end, unrestricted reservei
amounted to £455,143 (2023: £556,400) and restricted reserves amounted to £73,950 (2023 |
£73,521).
b. Investment pollcy
It is the PCC'S poliry to invest funds, not immedlately required, In inGome-producing funds which
allow capital value to be protected,
. Reserves Pollcy
It Is PCC policy to ty to maintain a balance on free reserves (net curreni assets) whlch equates to at
least slx months,. unrestricted payments. It is held to smooth out fluctuations in cash flow to meet
emergencies. The balance of the free reserves at the year end was amount which exceeds the six
months, target.
d. Fundralslng
The PCC raises its funds from rents, voluntary congregational giving, investments, and parochial fees
(the level of which is set nationally by synodical Measure). There were no appeals to the general
public during the year, and no external fundraisers were employed.
e. Legacies.
Unrestricted'legacies of £1,024 (from the estate of the late Brian Evans) and £50,000 (from the estate
of the late Julia Darvell) were received during the year.
f. Golng Concern
After making appropriate enquiries, the PCC has a reasonable expectation that the charity has
adequate resources to continue in operational existence for the foreseeable future. For this reason.
they continue to adopt the going concern basis in preparing the financial statements. Further details
regarding the adoption of the going concern basis can be found in the Accounting Policies.
Structurey governance and management
Constitutlon
The Parochial Church Council {PCC) of St John's Wood Church is a corporate body established by
the Church of England, and operates under the Parochial Church Council (Powers) Measure. The
PCC acts as the body of Trustees for the Ecclesiastical Parish of St John's Wood.
Pag& 6

ST JOHN'S WOOD CHURCH
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Method of Appointment or Election of Trustees
.The method of appointment of PCC members is set out in the Church of England's Church
Representation Rules. Its membership eomprises the inGumbent and any assistant curate(s), the
churGhwardens, and members elected (either directly to the PCC, or to the Deanery Synod) by those
members of the congregation who are on the Electoral ROSI of the church. All who atter)d church
regularty are encouraged to reglster on the Electoral Roll, and to offer themselves as Gandidates to
serve on the PCC.
Organlsatlonal Structure and Decision-making
The Incumbent and PCC have shared responsibillty for the pattem of services in the church. The
clergy oversee the pastoral and.educational life of the parish. The churchwardens are responsible.in
law for the fabrlc, goods, and ornaments of the church itself.
The PCC has three standlng committees, from all of whom it receives and discusses reports:
(a) The Finance and Buildings Committee meets in advance of each full PCC. It has
delegated authority to spend up to £2.000 on works. Expenditure greater than £2,000 is
decided by the full PCC.
(b) The Heathcote Committee disburses the income estimated to have been generated each
year by a legacy frotn the late Miss M. W. Heathcote. The PCC has decided as a matter
of discretion to use this money (which was not given for any specific purpose, and is
unrestricted in use) to support projects that benefit the local communiÉy. The Heathcote
Committee is responsible to the PCC for encouraging potential applicants (who complete
a form), for deciding on grants, and for evaluating the effectlveness of how they have
been used. Grants are usually made twlce a year, but the exceptional financial pressure
on the PCC following the closure of St John's Wood Pre-Prep School meant that no
grants were made in 2024.
(c) The Slater Committee disburses the Income of the John Slat8r Fund, which was created
for the tiurpose of making travel grants to clergy active in ministry in the Diocese of
London. The Committee meets once a year. Applications on a set form are encouraged
through bishops, archdeacons, and Area Directors of Training and Development, and
travel plans have normally been approved by these bodies before they reach the
Committee. Recipients of grants are required to report on how the money has been used.
The PCC acts as the employer of a part-tlme Parish Adminlstrator and a full-tlme Hall Manager, and
has maintenance responsibilitles for the Church Hall complex with its three residential flats, and for
two other residential properties. It is also responsible for the letting of church premises. or for their
use by outside organisatlons.
The PCC appoints a Children's Advocate, a Safeguarding Officer, and a Fire Safety Officer to help it
to discharge its responsibilities in these areas.
When planning activitles for the year, the PCC has had regard to the Charity Commission's guidan
on public benefit, and in particular the specific guidance on charities for the enhancement of religion.
Page 7

ST JOHN'S WOOD CHURCH
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Administrative information
The Church of St John the Baptist, universally known as St Johns Wood Church, is the parish church
of the Ecclesiastical Parish of St Johns Wood in the City of Westminster. It is situated by Lord's
Roundabout. The correspondence address is The Church Office, St Johns Wood Church, London
NVV8 7NE.
The Parochial Church Council {PCC) is registered with the Charity Commission as.Charity No.
1131882.
PCC members who served at any time from 1 January 2024 until the date this report was approved
are:
Incumbent
Anders Bergquistchairman
Clergy licensed to parish
Kristina Andréasson
Gary Eaborn
Churchwardens
Judy Booth
David MillarLay Vice-chair
Elected representatives on the Deanery Synod
Ashok Ghosh
(resigned 4 February
2025, {also, Secretary
until 24 September
2024)
Stewart Mccure
Jaiye EdLJ
(appointed by PCC on
13 February 2025)
Elected members
Ben Attwood
Desmond Braithwaite
James Ganendra
Stephen Jones
Treasurer until 26 May
2024
Paul Mullins
Sarah Ong
Adewale Otubushin
Treasurer from 26 May
2024
until 26 May 2024
until 26 May 2024
until 26 May 2024
Béatrice Reynier
Vivien Turner
Graham Young
Approved by order of the members of the board of Trustees and signed on thelr behalf by..
ANDERS BERGQUIST
PCC Chairman
Date: I lfr ZOLS
Page 8

ST JOHN'S WOOD CHURCH
STATEMENT OF TRUSTEES, RESPONSIBILrriES
FOR THE YEAR ENDED 31 DECEMBER 2024
The Trustee5 are responsible for preparing the Trustees, report and the financial statements in
accordance with applicable law and United Kingdom Accounting Standards (United Kingdom
Generally Accepted Accounting Practlce).
The law applicable to chaiities in England & Wales requires the Trustees to prepare flnancial
statements for each financial which give a true and fair view of the state of affairs of the charity and
of its incoming resources and application of resources, including its income and expenditure. for that
period. In preparing these financial ststements, the Trustees are required to,.
select suitable accounting pollcles and then apply them consistently-,
observe the methods and principles of the Charities SORP (FRS 102).,
make judgments and accounting estimates that are reasonable and prudent.
state whether appllcable UK Accounting Standards (FRS 102) have been followed, subject to
any material departures disclosed and explained in the financial statements;
prepare the financial statements on the golng concern basls unless it is inappropriate to
presume that the th8rity will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show
and explain the charity's transactions and disclose with reasonable accuracy at any time the financial
position of the charity and enable them to ensure that the financial statements comply with the
Charities Act 2011. the Charity (Accounts and Reports) Regulations 2008 and the provisions of the
Trust deed. They are also responsible for safeguarding the assets of the charity and henc8 for taking
reasonable steps for the prevention and detection of fraud and other irregularlties.
Approved by order of the members of the board of Trustees and signed on its behalf by:
Rev Anders Bergquist
PCC Chaimian
Date: 14 Kl
Page g

ST JOHN'S WOOD CHURCH
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
Independent Examinerts Report to the Trustees of St John's INood Church ('the charity,)
I report to the charity Trustees on my examination of the accounts of the charity for the year ended 31
December 2024.
Responsibilities and Basis of Report
As the Trustees of the charity you are responsible for the preparation of the accounts in accordance
with the requirements of the Charitfjes Act 2011 ('the 2011 Act,).
I report in respect of my examination of the charity's accounts carried out under section 145 of the
2011 Act and in carrying out my examination I have followed the appllcable Directlons given by the
Charity Commission under section 145{5)(b) of the 2011 Act.
Independent Examiner's Statement
Slnce the charity's gross income exceeded £250,000 your examiner must be a member of a body
listed in section 145 of the 2011 Act. l Gonfirm that l am quallfied to undertake the examination
because l am a member of ICAEW, which is one of the listed bodies,
Your attention is drawn to the fact th8t the charity has prepared the accounts in accordance with
Accounting and Reporting by Charities: Statement of Recomm8nded Practice applicable to charities
preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK
and Republic of Ireland (FRS 102) in preference to the Accountifig and Reporting by Charities;
St8tement of Recommended Practice issued on 1 April 2005 which is refe￿ed to in the extant
regulalions but has been withdrawn.
understand that this has been done in order for the accounts to provide a true and fair view in
accordance with the Generally AC￿pted Accounting Practice effective for reporting periods beginning
on or after 1 January 2015.
I have completed my examination. I confirrn that no matters have come to my attention In connection
with the examination giving me cause to believe that in any material respect..
accounting records were not kept in respect of the charity as required by section 130 of the
2011 Act. or
the accounts do not accord with those records. or
the accounts do not comply with the applicable requirements concerning the form and content
of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any
requirement that the accounts give a 'true and fair, view which is not a matter consldered as
part of an independent examina￿on.
I have no concerns and have come across no other matters in connection with the examination to
which attention should be drawn in this report in order to enable a proper understanding of the
accounts to be reached.
Paga10

ST JOHN'S WOOD CHURCH
INDEPENDENT EXAMINER'S REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Th15 report is made solely to the charitvs Trustees, as a body, in accordance with Part 4 of the
Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might
state to the charitls Trustees those matters l am required. to state to them in an Independent
examiner's report and for no oth8r purpose. To the fullest extent permitted by law. I do not accept or
assume responsibllity to anyone other than the charity and the charity's Trustees a8 a body, for my
work or for this report.
Slgned:
Dat8d: (g
Jeremy Tyrrell FCA
RPG Crouch Chapman LLP
Chartered Accountants
40 Gracechurch Street
London
EC3V OBT
Page11

ST JOHN'S WOOD CHURCH
STATEMENT OF FINANCIAL ACTMTIES
FOR THE YEAR ENDED 31 DECEMBER 2024
Unrestricted
funds
2024
Restricted
funds
2024
Total
funds
2024
Total
funds
2023
Note
Income from:
Donations and legacies
Charitable activities
Investments,.
Rental income
Other inv8Stments
Other income
51,025
119,548
51,025
121,569
15,057
131,207
2,021
140,394
23,006
1,428
140,394
25,084
1,428
211,329
27,832
9,692
2,078
Total Income
335,401
4,099
339,500
3g5,117
Exponditure on".
Charitable activities
441,580
4,828
446,408
469,342
Total expendlture
441,580
4,828
446,408
469,342
Net expenditure before net galns on
investments
Net gains on investments
(106,179)
4,922
(729)
1,158
1106,908)
6,080
(74,225)
1,096
Net movement In funds
{101,257)
429
(100,828)
(73,129)
Reconciliation of funds:
Total funds brought forward
Net movement in funds
556,400
(101,257)
73,521
429
629,921
(100,828)
703,050
(73,129)
Yotal funds ¢arried forward
455,143
73,950
529,093
629,921
The Statement of Financial Activities includes all gains and losses recognised in the year.
The not88 on pages 14 to 32 form part of these financial statements,
Page 12

ST JOHN'S WOOD CHURCH
BALANCE SHEET
AS AT 31 DECEMBER 2024
2024
2023
Note
Flxed assets
Tanglble assets
Investments
219,898
299,265
79,147
293,184
12
519,163
372,331
Currenl assets
Debtors
Cash at bank and in hand
28,012
82,995
59,747
218,608
Creditors: amounts falling due within
one year
14
(101,077)
(20,765)
Net. current assets
Total net assets
9,930
257,59Q
529,093
629.921
Charity funds
Restricted funds
Unrestricted funds
16
73,950
455,143
73.521
556,400
16
Total funds
529,093
629,921
The financial statements were approved and authorised for issue by the Trustees and signed on their
behalf by:
Rev Andors B&rgquist
Incumbent
Date: i¥ s•2(
The notes on pages 14 to 32 form part of these financial statements.
Page 13

ST JOHN'S WOOD CHURCH
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Accounting policies
aration of financial statements
1.1 Basis of
re
The financial statements have been prepared in accordance with the Charities SORP (FRS
102) Accounting and Reporting by Charities: Ststement of Recommended Practice
applicable to charities preparing their accounts in accordance with the Financial Reporting
Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January
2019), the Financial Reporting Standard applicable in the UK and Republic of Ire5and (FRS
102) and the Charities Act 2011.
The financial statements have been prepared to give a 'true and fail view and have
departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent
required to provide a 'true and faiff view. This departure has involved following the Charities
SORP (FRS 102) published on 16 July 2014 rather than the Accounting and Reporting by
Charities: Statement of Recommended Practi￿ effective from 1 April 2005 which has since
been wsthdrawn,
The trustees confirm their explicit and unreserved compliance with the above legislations.
st John's Wood Church meets the d6finition of a public benefit entity under FRS 102.
Assets and li8bilities are Initially recognlsed at historical cost or transactlon iialue unless
otherwise stated in the relevant accounting policy.
1.2 Income
All income is recognised once,the charity has entitlement to the income, it is probable that
the income will be Teceived and the amount of income receivable can be tneasured reliably..
The recognition of incorne from legacies is dependent on establishing entitlement. the
probability of receipt and the abllity to estimate with sufflcient accuracy the amount
receivable. Evidence of entitlement to a legacy exists when the charity has sufficient
evidence that a gift has been left to thern (through knowledge of the exlstence of a valid will
and the death of the benefactor) and the executor is satlsfied that the property in question
will not be required to satisfy claims in the estate. Receipt of a legacy must be recognised
when it is probable that it will be recelved and the fair value of the amount receivable, whlch
will generally b8 the expected cash amount to be distributed to the charity, can be reliably
measured.
Incorne tax recoverable in relation to iniiestment inGome is recognised at the time the
investment income is receivable.
Other income is recognlsed in the period in which it is receivable and to the extent the
goods have been provided or on cornp5etion of the service.
Page 14

ST JOHN'S WOOD CHURCH
NOTES TO THE FINANCIAL STATEMENTS
FOR'THE YEAR ENDED 31 DECEMBER 2024
Accounting policies (continued)
1.3 Ex
enditure
Expenditure is recognised once there is a legal or constructive obligation to transfer
economic benefit to a third party, it is probable that a transfer of econornic benefits will be
required In settlement and the amount of the obligation can be measured reliably.
Expenditure is classified by actlvity. The costs of each activity are made up of the total of
direct costs and shared costs, including support costs involved in undertaking each activity.
Direct costs attributable to a single activity are allocated dlrectly to that activity. Shared
costs which contribute to more than one activity and support costs which are not
attributable to a single activity are apportloned between those ac.tivities on a basis
consistent with the use of resources. Central staff costs are allocated on the basis of time
spent, and depreciation charges allocated on the portion of the asset's use.
Expenditure on charitable actlvities is incurred on directly undertaking the activities which
further the charity's objectives, as well as any associated support costs.
All expenditure is inclusive of irrecoverable VAT.
1.4 Tan
ible fixed assets and de
reciation
Tangible tlxed assets costing £NIL or more are capitslised and recognised when future
economic benefits are probable and the Gost or value of th8 asset can be measured
reliably.
Tangible fixed assets are initially recognised at cost. After recognition. under the cost
model, tangible fixed assets are measured at cost less accumulat8d depreciation and any
accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its
intended working condltion should be included in the measurement of cost.
Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual
value over their estimated useful lives.
Depreciation is provided on the following bases:
Freehold property
Plant and machinery
Fixtures and fittings
Not depreciated
25 years straight line
10 and 25 years straight line
1.5 Investments
Fixed asset investrnents are a form of financial instrument and are initially recognised at
thelr transaction cost and subsequently measured at fair value at the Balance sheet date,
unless the value cannot be measured reliably in which case it is measured at cost less
Impairment. Investment gains and losses, whether realised or unrealised, are combined
and presented as 'Gainsl(Losses) on investments, in the Statement of financial activities.
Page 15

ST JOHN'S WOOD CHURCH
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Accounting policies (continued)
1.6 Debtors
Trade and other debtors are recognised at the settlement amount after any trade dlscount
offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
1.7 Cash at bank and in hand
Cash at bank and in hand includes cash and short-term highly liquid investments with a
short maturity of three months or less from the date of acquisition or opening of the deposit
or similar acGount.
1 .8 Llabllities and
rovisions
Liabilities are recognised when there is an obligation at the Balance sheet date as a result
of a past event. it Is probable that a transfer of eoonomic benefit wlll be required in
settlement, and the amount of the settlement can be estimated reliably.
Llabilities are recognised at the amount that the charlty anticipates it will pay to settle the
debt or the amount it has received as advanc8d payments for the goods or services it must
provide.
Provisions are measured at the best estimate of the amounts required to seltle the
obligation. Where the effect of the time value of money is material, the provision is based
on the present value of those amounts, discounted at the pre-tax discount rate that reflects
the risks specific to the liablllty. The unwinding of the discount is recognised in the
Statement of financial activities as a finance cost.
1.9 Financial instruments
The charity only has flnancial assets and financial liabilities of a kind that qualrfy as basic
financial instruments. Basic financial instruments are initially recognised at transaction
value and subsequently measured at their settlement value with the exception of bank
loans which are subsequently measured at amortised cost using the effective interest
rnethod.
1,10Pensions
Contributions to defined benefit pension schemes are charged to the Statement of
Flnancial Activlty as and when incurred.
P8ge 16

ST JOHN'S INOOD CHURCH
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Accounting policies (continued)
1.11 Fund accountin
General funds are unrestricted funds which are available for use at the discretion of the
Trustees In furtherance of the general objectives of the charity and which have not been
designated for other purposes.
.Designated funds comprise unrestricted funds that have been set aside by the Trustees for
particular purposes. The aim and use of eaGh deslgnated fund is set out in the notes to the
financial ststements.
Restricted funds are ftinds which are to be used in accordance with specific restrictions
imposed by donors or which have been raised by the charity for particular purposes. Th8
costs of raising and administering such funds ar8 charged against the specific fund. Th8
aim and use of each restricted fund is set out in the notes to the financial statements.
Investment income, gains and losses are allocated to the appropriate fund.
1.12Cash Flow Exem
tion
Being a small charity, the tNstees have ta'ken advantage of the exemption from the
requirèment to prepare a cash flow statement.
Critic31 accounting estimates and areas of judgment
Estimates and judgments are continually evaluated and are based on historical experien￿ and
other factors, including expectations of future events that are believed to be reasonable under
the circumstances.
Critical accounting estimates and assumptions..
The charity rnakes estimates and assumptions concerning the future. The resulting accounting
estimates and assumptions will, by definition, seldom equal the related actual results. However,
the trustees are of the oplnion that there are no estimates and assumptions that have a
significant risk of causing a material adjustment to the carrying amounts of assets and liabilities
within the next financial year.
Page17

ST JOHN'SWOOD CHURCH
NOTE-S TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Income from legacies
Un-
restricted
funds
2024
Total
funds
2024
Legacies
51,025
51,025
Un-
restricted
funds
2023
Total
funds
2023
Legacies
15,057
15,057
Page 18

ST JOHN'S WOOD CHURCH
NOTES TO THE FINANCIAL STATEMENTS
' FOR THE YEAR ENDED 31 DECEMBER 2024
Income from charitsble 8ctiviti&s
restricted Restricted
funds
funds
2024
2024
Total
funds
2024
Grants & Donations
Standing Orders, Pledges & Envelopes
Gift Day
Church Fees Received by the PCC
Income Tax Recoverable on Gift Aid
Cash Collectlons at all servI￿s
Special Collections
29,216
44,775
14,285
551
14,640
16,081
29,216
44,775
14.285
551
14,640
16,081
2,021
2,021
119,548
2,021
121,569
Un-
restrlcted Restricted
funds
funds
2023
2023
Total
funds
2023
Grants & Donations
Standing Orders, Pledges & Envelopes
Gifl Day
Church Fees Received by the PCC
lricome Tax Recoverable on Gift Aid
Cash Collections at all Services
Special Collections
19,955
56,004
24,195
483
17,833
7,866
19,955
56,004
24,195
483
17,833
7,866
4,871
4,871
126,336
4,871
131,207
Page19

ST JOHN'SWOOD CHURCH
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Investment income
Un-
restricted Restricted
funds
funds
2024
2024
Total
funds
2024
Rental Income from Church Properties
Dividends & Interest received
140,394
23,006
140,394
25,084
2,078
163,400
2,078
165,478
Un-
restricted R8Stricted
funds
funds
2023
2023
Total
funds
2023
Rental Income from Church Properties
Dividends & Interest ￿ceiVed
211,329
26,056
211,329
27,832
1,776
237,385
1,776
239.161
Other incoming resources
restricted
funds
2024
Total
funds
2024
1,428
1,428
Services
Un-
restricted
funds
2023
Total
fund8
2023
9,692
9,692
Services
Page 20

ST JOHN'S WOOD CHURCH
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Analysis of expenditure on charitable activities
Summa
Un-
restrlcted Restricted
funds
funds
2024
2024
Total
2024
Grants & Donations
Activities Relating Directly to the Work of the Church
Church Management & Administratlon
360
355,878
85,342
4,730
5,090
355,878
85,440
98
441,580
4,828
446,408
restricted Restricted
funds
funds
2023
2023
Total
2023
Grants & Donations
Activities Relating Directly to the Work of the Church
Church Management & Administration
3,240
389,127
72,514
4,379
7,619
389,127
72.596
82
464,881
4,461
469.342
Page 21

ST JOHN'S WOOD CHURCH
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Analysis of expenditure on charitable activities (continued)
Surnrnary by expendlture type
De-
preciation Other costs
2024
2024
Staff costs
2024
Totsl
2024
Grants & Donations
Activities Relating Directly to the Work of
the Church
Church Managernent & Administration
5,090
5,090
2,469
353,409
25,003
355,878
85.440
60,437
60.437
2,469
383,502
446.408
De-
preclation Other costs
2023
2023
Staff costs
2023
Total
2023
Grants & Donatlons
Activlties Relating Directly to the Work of
the Church
Church Management & Administration
7,619
7,619
559
388,568
18,916
389,127
72,596
53,680
53,680
559
415,103
469,342
Page 22

ST JOHN'S WOOD CHURCH
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Analysis of expenditure by activities
Activities
undertaken
dlrectly
2024
Total
funds
2024
Grants & Donations
Activities Relating Directly to the Work of the Church
Church Management & Admlnistration
5,090
355,878
85,440
5,090
355,878.
85.440
446,408
446,408
Activltles
undertaken
directly
2023
Total
funds
2023
Grants & Donations
Activlties Relating DireGtly to the Work of the Church
Church Management & Administration
7,619
389,127
72,596
7.619
389,127
72.596
469,342
469.342
Page 23

ST JOHN'S WOOD CHURCH
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Analysis of expenditure by activities (confjnued)
Analysis of direct costs
Ath'vlties
Relating
Directly to
Grants & the Work of
Donations the Church
2024
2024
Church
Manage-
ment &
Admini-
stration
2024
Total
funds
2024
staff costs
Depreciation
Christian Aid
Relief & Development Agencies
Slater Traval Grant
Local Charities & Grants
Common Fund Contribution
Contribution for Curate
Clergy Expenses
Clergy Houses - Maintenance & Running
Costs
Church Hall Running Costs
Church Running Expenses
Choir & Music
staff Accomodation
Contribution Towards Major Projects or
Refurbishments
Other Staff Costs
Office Running Expenses
Bad Debts & Other Amounts Provided
Against
Legal & Professional Costs
Legal and Professional Expenses
60,437
60,437
2,469
2,469
3,980
750
360
3.98D
750
360
84.805
37,712
4,683
84,805
37,712
4,683
17,428
28,303
47,062
69,019
5,938
17,428
28,303
47,062
69,019
5,938
2,000
2,000
1,295
17,746
1,295
17,746
5,962
5,962
(750)
57,209
(750)
57,209
5,090
355,878
85,440
446,408
Page 24

ST JOHN'S WOOD CHURCH
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Analysis of expenditure by activities (continued)
Analysis of direct costs (continued)
AGtivities
Relating
Directly to
Grants & the Work of
Donations the Church
2023
2023
Church
Manage-
m8nt &
Admini-
. stration
2023
Total
funds
2023
Staff costs
Depreciation
Christian Aid
Rellef & Development Agencies
Slater Traval Grant
Local Charities & Grants
Common Fund Contribution
Contribution for Curate
Clergy Expenses
Clergy Houses - Maintenance & Running
Costs
53,680
53,680
559
1,450
4,629
700
840
104,000
40,150
4,416
559
1,450
4,629
700
104,000
40,150
4,416
18,916
39,296
52,998
72,850
3,826
18,916
39,296
52,998
72,850
3,826
173
15,657
Church Hall Running Costs
Church Running Expenses
Choir & Music
Staff Accomodation
Other Staff Costs
Office Running Expenses
Bad Debts & Other Amounts Provided
Against
Legal & Professional Costs
173
15,657
3,086
3.086
52,116
52,116
7,619
389,127
72,596
469,342
Page 25

ST JOHN'S WOOD CHURCH
NOTES TO THE FINANCIAL STATEWIENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Staff costs
2024
2023
Wag8s and salaries
Social seGurity costs
Contrlbution to defined contribution pension schemes.
56,119
3,009
1,309
49,110
3,469
60,437
53,680
The average number of persons employed by the charity during the year was as follows:
2024
2023
No.
Ern
ee numbers
Office staff
No employee received remuneration amountlng to more than £60.000 In either year.
There are no significant disclosure transactions in respect of PCC members, per8on8 c108ely
connected with them or any other related parties.
10. Trustees. remuneration and expenses
During the year, no Trustees received any remuneration or other benefits (2023 - £NIL).
During the year ended 31 De￿rnber 2024, no Trustee expenses have been incurred (2023 - £
NIL).
Page 26

ST JOHN'S WOOD CHURCH
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
11. Tangible fixed assets
Freehold Fixtures and Other fixed
property
fittings
assets
Total
Cost or valuation
At 1 January 2024
Additions
75,300
9,139
84,439
143,220
143,220
At 31 December 2024
75,300
9,139
143,220
227,659
reGiation
At 1 January 2024
Chary8 for the year
5,292
559
5,292
2,469
1,910
At 31 December 2024
5,851
1,910
7,761
Net book value
At 31 December 2024
75,300
3,288
141,310
219,898
At 31 December 2023
75,300
3,847
79,147
The freehold land and buildings comprise the Church Hall and the property located at 3
Cochrane Street, London, NW8. These were last revalued for insurance purposes during 2017
at £3,136,000.
12. Fixed asset investments
Listed
investments
Cost or valuation
At 1 January 2024
Revaluations
293,184
6,081
At 31 December 2024
299,265
Net book value
At 31 December 2024
299,265
At 31 December 2023
293,184
Page 27

ST JOHN'S WOOD CHURCH
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Cost
Value
2024
Value
2023
Restricted
CBF Church of England Investment Fund - Income
Shares
63 144 ￿￿85
63,144
61,985
58,812
Unrestricted
M&G Charifund Income
M&G Charibond
74,158
219,129
213,561
94,158
236,121
231,199
152,970
299,265
293,184
13. Debtors
2024
2023
Due wlthin one
Trade debtors
other debtors
Prepayments and accrued income
ear
11,215
570
16,227
24,847
16,822
18,078
28,012
59,747
14. Creditors: Amounts falling due within one year
2024
2023
Trade creditors
OtheT taxation and social securlty
Pension payable
other creditors
Accruals and deferred income
2,410
557
(501
36,480
61,680
1,308
211
4,390
14,856
101,077
20,765
Page 28

ST JOHN'S WOOD CHURCH
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
15. Financial instruments
2024
2023
Financial assets
Financial assets measured at falr value through income and
expenditure
299,264
293,184
Financial assets measured at falr value through income and expenditure comprise fixed asset
investments.
Page 29

ST JOHN'S WOOD CHURCH
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
16. Statement of funds
Statement of funds - current year
Balance at
31
Gainsl December
(Losses)
2024
Balance at 1
January
2024
Income Expenditure
Unrestricted funds
Desi
nated funds
Fabric Fund
114,Z83
563
(3,910)
110,936
General funds
General Fund
442,117
334,838
(437,670)
4,922
344,207
Total Unrestricted funds
556,400
335,401
(441,580)
4.922
455,143
Restricted funds
Appeals
Christian Aid
Christmas Charities
Memorlalsl Funerals
Easter Contributions
John Slater Fund
Ukraine.
785
369
2,631
1,263
160
360
(273)
872
369
585
1,263
160
69,669
1,032
1,861
(3,707}
67,281
1,032
2,078
(848)
1,158
73.521
4,099
{4,828)
1,158
73,950
Total of funds
629,921
339,500
(446.408)
6,080
529,093
The John Slater Fund was set up during 2005 as a .permanent fund in trlbute to a former
incumbent. The funds are held in an individual bank account and are managed by the PCC.
The restricted funds for Appeals, Christlan Aid, Christmas Charities, Memorials/ Funerals,
Easter Contributions. the Platium Jubilee and Ukraine represent special collections after which
the funds are named.
It is the PCC'S usual practice to set aside some of its ordinary unrestricted incorne into a
designated Fabric Fund. When there is significant expenditure on the fabric of the Church or
the Hall complex, this is normally paid out of the Fabric Fund. In 2024, thpk PCC made the
decision not to transfer any funds due to financial restraints.
Page 30

ST JOHN'S WOOD CHURCH
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
16. Statement of ftjnds (continued)
Statement of funds - prior year
Balan￿ at
31
Gainsl December
(Losses)
2023
Balance at
1 January
2023
Income Expenditure
Unrestrlcted fund5
Desi
nated funds
Fabric Fund
114,283
114,283
Gener81 Fund
523,037
388,470
(464,881)
(4,509)
442,117
Total Unrestricted funds
637,320
388,470
(464,881)
(4,509)
556,400
Restricted funds
Appeals
Christian liid
Christmas Charities
Memorialsl Funerals
Easter Contributions
John Slater Fund
Platinum Jubilee
Ukraine
785
369
785
369
2,631
1,263
160
67.281
1,450
2,016
1,230
(1,450)
{174)
(750)
789
783
160
60,682
1,130
1,032
1,776
(782)
(1,130)
(175)
5,605
175
1,032
65,730
6,647
{4,461)
5,605
73,521
Total of funds
703,050
395,117
(469,342)
1,096
629,921
Page 31

ST JOHN'S WOOD CHURCH
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEDIIBER 2024
17. Analysis of net assets between funds
Analysis of net assets be￿een funds - current period
stricted Restricted
funds
funds
2024
2024
Total
funds.
2024
Tangible fixed asspts
Fixed asset investments
Current assets
Creditors due within one year
219,898
236,121
100,201
(101,077)
219,898
299,265
111,007
(101,077)
63,144
10,806
Total
455,143
73,950
529,093
Analysis of net assets b8tweell funds - prior period
Un-
restricted Restricted
funds
funds
2023
2023
Total
funds
2023
Tangible fixed assets
Fixed assot investments
Current assets
Creditors due within one year
79,147
231,198
266,820
120,765)
79.147
293,184
278,355
(20,765)
61,986
11,535
Total
556,400
73,521
629,921
18. Related paty transactions
During the year, the church received donations from trustees amounting to £4,460 (2023:
£4,325).
Page 32